PDVSA cut as Vene concern advances

PDVSA cut as Vene concern advances

December 22, 2014

Venezuelan state oil company downgraded

Fitch cut its rating on Petroleos de Venezuela to CCC, from B, on Friday, after it lowered the sovereign rating the previous day. The rating cut affects $26.4bn of senior unsecured debt issued by the state oil company. Fitch cut Venezuela’s rating on